In a Credit Refusal Message,your Main Purpose Is to Tactfully

question 3

True/False

In a credit refusal message,your main purpose is to tactfully say "no" since the recipient is a poor credit risk and not a potential customer.

---

Definitions:

Output

Refers to the total amount of goods or services produced by a firm or economy over a specific period.

Marginal Revenue Product

This term refers to the additional revenue generated from using one more unit of input, illustrating the contribution of that unit to the total output's revenue.

Last Unit

Refers to the final item or unit produced or consumed, which can be significant in determining the marginal cost or utility.

Labor Employed

The total number of workers who are currently hired and working in a given sector or economy.